Cobra gone in 48 hours!

Less than 48 hours after being officially unveiled at Bathurst last Sunday, Ford Performance Vehicles' Cobra GT is officially sold out.

A Cobra GT will be the star of the Ford stand at the Australian International Motor Show.

One of the $65,000 cars is already listed on eBay with a starting bid of $80,000, and a buy-it-now price of $120,000.

“Put it this way,” FPV general manager Rod Barrett said yesterday, “I had 400 sedans and 100 Utes that were allocated to dealers and every dealer took their allocation.

“Now, I don't have figures on the retail numbers but from what I have heard they have gone quicker than free beer.”

Mr Barrett said there was no possibility that any more than the strictly limited 500-car production run would ever be built.

“Then they wouldn't be a limited run special, would they?”

The modern GT Cobra was built to honour the 30th anniversary of the famous 1977 Bathurst 1-2 result for Ford's XC Falcon Hardtop.

Following that win Ford released 30 Bathurst Spec cars and a run of 400 Cobras to use up the remaining body shells from the XC before the arrival of the all-new XD model.

Thirty years on and the Bathurst Spec cars are bringing $150,000 on the open market while Cobras with the 302 small block engine are worth between $80,000 and $90,000.

“Some of the people who have snapped these cars up are hoping to make a quick 30 or 40-grand like they did on the 40th anniversary models (the FPV GT which was limited to 200 cars when it was released earlier this year),” Geoff Day, president of the combined Ford clubs of NSW, said.

“Whether that is going to be the case or not ... who knows.”